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, technology, energy, industrials, consumer products, insurance, autos are in the room today. why isn't a banking ceo in front of the president today? >> clearly, this is payback for support during the election. the unions were very, very clear. they were going in there and they were going to push obama to finally get through the employee freedom of choice act, which does away with the secret ballots which makes unions much more likely and easier to come into being. he turned his back on wall street, which by the way turns their back on him. i don't think it's an accident. >> let me -- >> let me finish. best case, extremely poor judgment, okay, that's best case. worst case it's saying, hey, you didn't support me. see you guys later. business as usual. >> let me respond to that. i actually think it was entirely appropriate for the first meeting to be with his base. that's what any president reelected or otherwise would have done. that makes perfect sense to me. i guarantee you you're not going to hear word one about the employee free choice act for the next number of months. i mean, ri
technology company. certainly when you think about silicon valley and companies that have hit hard times. very view come through it and re-emerge. apple is one that we can all remember having done that. ibm. although not a silicon valley company but technology company. most recently perhaps ebay in a significant decline but i spoke to john at length on friday and it appears they have brought around their marketplace business in addition to continue strong growth at the paypal unit. it's difficult to do. when you come back to yahoo! you have to wonder how do they do it? >> is there an act two? cisco tonight almost every analyst on the street said they're going to miss. >> universal in both miss and then the guidance is going to be negative. david, when you spoke with stevenson, didn't you get the sense that the companies are done spending on anything other than amd on towers? >> they got to spend. you know, stevenson was very outspoken in saying fiscal cliff. we're not spending but we are. we're deciding to spend $14 billion over the next three years. they absolutely have to in order to c
corrections there, and things are becoming somewhat more interesting. so we're looking at technology and some other areas where we can have good visibility. >> what else apart from technology is on your list? >> i think some of the internet providers, some of the hardware providers have been hit particularly hard. we think that those areas provide not only very good balance sheets, but we think that as the market recovers next year, as the global economy eventually begins to turn around, we see better demand. ultimately, that's going to endure those kind of companies. >> apple has become a proxy for the market. market down 10%. apple down 10% or more at this point. would you buy apple here? >> i would. this is coming from a guy who hasn't owned much apple at all. right around here, again, sounds like a theme here. we have a tech stock selling at about a nine times earnings. believe it or not, it has a 2% yield. >> you're not concerned about some of the reasons why it dropped, mark? >> no, there's a whole list of reasons. i think the first one with the most weight in my mind is it's a proxy fo
rushed, particularly technology companies rushed to europe. you'll see in q-1 companies saying, look, we have maintained our european. don't worry about european. if they don't say it, i think we'll sell the stocks. >> worse before it gets better was on the conference call. >> industrial production misses this ridiculous fight between the eu and imf. bank of england cutting growth outlook for the u.k. >> gdp tomorrow. it will be terrible. alco alcoa being struck because they try to close a plant. the conversation will be at the beginning of the conference call and europe -- we're managing europe down to x. european we're going to close europe. ford motor gave you an example of what will happen. we won't let europe bring our company down. latin american, asia turn turne. we won't let europe ruin us. europe will be isolated. that's what happens if you decide to go off the grid like they're doing. their major issue is carbon tax. they keep talking about carbon tax. the european, the german power company talking about having too much solar power which is bringing down and able to make money
's detrimentally impacting sectors like technology and industrials. >> josh is fairly defensive. he likes health care. that's one of the areas that you highlight as well. it appears from your sector weightings that you're pretty defensive. consumer discretionary staples, health care where you want to be. >> we've been in an increasing defensive position. we started to move defensively. most recently this week we've downgraded technology to underweight. we've downgraded the media segment to discretion marry. media looked a bit rich and technology was just awful in the third quarter. in combination with the economic trends we're getting more defensive. i think you can hide out in some of the more earning stable names. you have pretty decent names in staples and discretionary. >> your expectations for technology, you don't think that's come down enough and if we get a fiscal cliff resolution, you'll get these companies spending again. what is your thought there? >> i think in terms of the absolute earnings reduction, i think we're quite frankly only halfway there. the consensus is expektding 12% gr
is there a technology comfort, large-cap technology, better positioned than apple? >> you know, so this is going to be surprising. i actually think microsoft is better positioned than apple because of -- >> emerging markets? >> because this is their whole strategy. the first 1 billion smartphones was owned by apple. the next 1 billion smartphones were going to be -- coming and being sold out -- lower average selling price. that is what windows 8 and nokia partnership is chasing after. lower afp. you also have samsung chasing after that. if you look at the volumes you already see that apple is becoming more of a niche high-end player which is a fantastic spot to be in but does not mean they are going to have the same layers and degrees of scale that people are expect. >> they are all good points. let's take it to the rest of the jury, if you will. doc? who is rate? who makes the best argument? >> well, i -- obviously i put my money with joe last week because i was in the week before. at 537. i love it after it traded to 505 friday. i think that the stock gets back in the 600. just after christmas
what you're saying? >> well, if you believe what i'm saying, you would like to be looking at technology, consumer discretionary and financials. some of the better performers this year with that cyclical exposure is what you are looking for because this would be good for the business cycle, good for the economy, conciliatory agreement would be good, and then from a perspective of where do you go to be a contrarian? looking out even further, you'd probably want to start acquiring stocks in the sectors like energy and materials. >> interesting. john, good to have you on the show. thank you for coming on. >> thanks for having me. >> simon baker, what do you think about the picks? discretionary and financials and technology and most of it predicated on something positive out of d.c. >> yeah. i like the financials and energy and housing. not so much the condition summer names over there. it's pretty big target, 1585 next year so it'd stick with the technology and financials. >> why not discretionary? getting a deal in washington, wouldn't those stocks shoot higher? >> well, okay. if you get a
technology brushes for a superior clean. oral-b power brushes. go to for the latest offers. >>> ruckus wireless celebrating its ipo today. trading lower by 2.5% right now. joining us is selina lo. great to have you with us here at post 9. >> hi. >> so many other ipos this week withdrew because of market conditions. you opened at 15 but the stock is trading lower. any regrets? any thoughts about possibly delaying this thing prior? >> no. we had had incredible reception when we were on the road. we had some high quality investors. i believe that this -- we can't control the economy or the stock market but we feel good about our economy and the level of interest. >> ms. lo, can you talk about who your competitors are and one of the things we've been talking about is dell is going by the wayside. sears. who are you replacing? who would i have used before and now i use you? >> we make wi-fi equipment for service providers and enterprises. our equipment is extremely reliable and easy to deploy. and now with so many mobile devices and the whole interest in mobile internet, we are
there are interesting investment opportunities in technology, in home builders that have pulled back, but we're not quite there yet. i think we'll get that opportunity in the coming weeks. >> you think there will be a lot more volatility and what we've seen will continue? >> yeah, take a look at the lame duck sessions of the last 50 years. volatility is three times higher in lame duck sessions. so expect that. plus every one of them, we've seen the market decline. even with major accomplishments like increasing the debt ceiling. so still likely to see some down side. i don't being ythink you need t about missing it. the big he risk is being too early coming back in. >> what are the tech names that you like? >> in the technology sector, there's a lot of interesting opportunities. mainly those that export. china's growth is beginning to improve. they buy a lot of capital equipment from us. so it's the big names in technology that provide a lot of that export capital equipment that we think will buns back the strongest in the first. >> bob, another thing we've been talking about is the people h
. >> an upgrade. >> emerging markets talking about china expansion. one of the attempts to get technology going here. >> marathon this time. >> important to talk about israel and gaza. this company has unique american assets. oil and gas will be great here. >> a final upgrade. >> this is my favorite international company. they are moving it everywhere. india, china, people drinking whisky like mad. >> big deal with india in the past couple of weeks. >> i met with my friend johnny walker black over the weekend. >> how is johnny doing? >> it was at a wedding. he is always there. >> he's a great guy. he should meet by buddy jim beam. >> what's on mad tonight? >> we'll talk about fiscal cliff saying, listen, here's what happens if we solve it. i think this rally today is about solving it. and i'm going to present the world view that is going to be just unbelievable if we get this thing solved which would make a lot of stocks go up dramatically including apple where we would finally get a sense that maybe it's not worth selling because the capital gains tax may not rise that much. >> on friday night
rates and rigs. this technology is being deployed in such a wide area and so rapidly and with constantly changing technology that the issue for natural gas at this moment in terms of price isn't the depletion rate. it's the huge backlog of wells that have been drilled that haven't been connected to transportation networks to move it from the well head to the markets. so you have a lot of gas sitting there just waiting for the tap to be turned on and that will continue to happen because this is something that is changing the u.s. energy market and is something that at these prices is still profitable for the companies. >> before we let you go, what do you think they are saying in the halls of opec today about this report? >> i don't think halls of opec are that worried. china and the emerging market demand is not going to go away. it may not accelerate as quickly as some people had predicted. certainly the destination for oil from the middle east increasingly is going to be asia. it already has been. we are already looking at perhaps in the next five years according to this report today n
forward and if they've got pipelines whether it's in technology or big pharma, i want 4% or 5%. i don't want 1.5%. >> two big pharma names getting big pops today. courtney reagan. >> take a look at these two names. gillead and cell gene. gilead announcing positie ining results from its hepatitis c drug. cell gene announces its experimental pancreatic cancer drug also has improved survival rates. there are very little treatment for pancreatic cancer now. both those stocks getting a pop. >> doc, do you have something? >> gilead, scott, i do. that one blew through the 52 week high which was around 70 bucks. blew all the way up toward 73 here. they're buying 75 calls. buying 70 calls. they're betting that this move continues. and it's one of those pipeline plays that pete talks about. whether or not they're the one that continues to develop the pipeline or whether they get acquired, that's always something you think about when you have a successful billion dollar drug like this. >> pete and then guy. >> go ahead. >> what i was going to say, gilead we've talked about forever. an all time h
in this. some republicans passed on buying the right technology and in part because if you don't have the white house there's a senate committee, house committee, presidential campaigns. they did not have the money to make the investment in leadership early and and paid a huge price for it and there's still a chance they won't be able to catch up in two years or four years unless they get better organization than they have now. >> michael len, thank you very much. >> have a great week. >>> may yojor shake-up in the b fighting irish stunning upsets to the top two teams in the nation. >> this is huge. >> and all the weekend's nfl action with nbc's mike fluoro. we'll be right back. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do so much for us. on november 24th, let's get out and shop small. [ man ] whoo-hoo! [ male announcer ] with reddi wip... that's so weird... [ whoosh! ] [ male announcer ] ...a sli
Search Results 0 to 12 of about 13